More contract action on ViaSat. Any idea whether this was priced into forecasts?
Cheers,
Thomas
Press Release Source: ViaSat Inc.
ViaSat Awarded Follow-On Production Order and Network Services Contract By ARINC for SKYLink Executive Aircraft Broadband
Tuesday October 7, 8:00 am ET
CARLSBAD, Calif., Oct. 7 /PRNewswire-FirstCall/ -- ViaSat Inc. (Nasdaq: VSAT - News) has received a follow-on delivery order from ARINC for additional production quantities of the SKYLink(SM) Airborne Integrated Satellite Communication Terminal. In addition the two companies signed a 3-year contract for ViaSat to provide network operations services to ARINC. The total value of the contracts is approximately $8.5 million.
(Logo: newscom.com )
Recent flight tests have demonstrated that SKYLink can reliably deliver in-flight, two-way, broadband data to aircraft at rates from 256,000 bps to 3.5 Mbps, providing performance similar to high-speed Internet connections and corporate networks found in modern offices. The technology also increases the possibilities for multimedia and other bandwidth hungry applications for business jet travelers.
About ARINC
ARINC Incorporated is the world leader in transportation communications and systems engineering. The company develops and operates communications and information processing systems and provides systems engineering and integration solutions to five key industries: airports, aviation, defense, government, and surface transportation. Founded to provide reliable and efficient radio communications for the airlines, ARINC is headquartered in Annapolis, Maryland, with over 3,000 employees worldwide. ARINC is ISO 9001 certified. For more information, visit the ARINC web site at www.arinc.com.
About ViaSat
ViaSat produces advanced digital satellite telecommunications and wireless signal processing systems for commercial and government markets. The company produces a full line of VSAT systems for network access and infrastructure, as well as Ka-band satellite systems, from user terminals to large gateways. Other products include satellite antenna systems, tactical communication radios, network security products, and RF communication simulators. Along with its headquarters in Carlsbad, CA, ViaSat has divisions located in Clarksburg, MD and Norcross, GA. Additional field offices are located in Boston, MA, Italy, Australia, China, and India.
In addition the company's wholly-owned subsidiary, US Monolithics, designs and produces monolithic microwave integrated circuits (MMICs) and modules for use in broadband communications. USM is based in Chandler, Arizona.
Safe Harbor Statement
Portions of this release, particularly statements about the development of the SKYLink service and ViaSat terminals, may contain forward-looking statements regarding future events and are subject to risks and uncertainties. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially, including but not limited to: contractual problems, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the telecommunications industry generally. The Company refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in the Company's Form 10-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.
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Source: ViaSat Inc. |
